Compass Point Research 分析師表示，以太坊 (ETH) 預計在 2025 年超過比特幣 (BTC)

在他們最新的區塊鏈和加密貨幣時事通訊中，他們強調了可能推動以太坊來年成長的關鍵因素。

Analysts at Compass Point Research believe that Ethereum (CRYPTO: ETH) will have a strong performance in 2025, outpacing Bitcoin (CRYPTO: BTC).

Compass Point Research 的分析師認為，以太坊（CRYPTO：ETH）將在 2025 年表現強勁，超過比特幣（CRYPTO：BTC）。

In their latest Blockchain & Cryptocurrency newsletter, they highlighted key factors that could drive Ethereum's growth in the coming year.

在他們最新的區塊鏈和加密貨幣時事通訊中，他們強調了可能推動以太坊來年成長的關鍵因素。

Here's a summary of their insights:

以下是他們的見解摘要：

Bitcoin, Ethereum Performance Post-Trump Election: Since the recent Trump/Republican election, both Bitcoin and Ethereum have seen substantial gains. BTC is up around 44% to $100,000, while ETH has gained 38% to $3,600.

川普選舉後的比特幣、以太坊表現：自從最近的川普/共和黨選舉以來，比特幣和以太坊都出現了大幅上漲。 BTC 上漲約 44% 至 10 萬美元，而 ETH 上漲 38% 至 3,600 美元。

Recent 13% Year-End Drawdown In BTC: Despite these gains, Compass Point notes the recent 13% year-end drawdown in BTC, leading to a temporary dip in miner stocks.

BTC 近期年底下跌 13%：儘管取得了這些收益，Compass Point 指出，BTC 近期年底下跌 13%，導致礦業股暫時下跌。

However, they expect a "strong upward recovery of hash prices over the next six months" as Bitcoin prices outpace network hashrate growth.

然而，他們預計，隨著比特幣價格超過網路算力成長，「未來六個月哈希價格將強勁回升」。

Ethereum Poised For A Bounce-Back Year: The report also emphasizes Ethereum's potential to bounce back in 2025.

以太幣有望迎來反彈之年：該報告還強調了以太幣在 2025 年反彈的潛力。

“We continue to believe Ethereum (ETH) is set to have a bounce-back year in 2025, with opportunities to go long ETH/BTC ratio that currently trades at $0.037 and is down nearly 70% to BTC since the merge to PoS in Sept 2022,” said the firm.

「我們仍然相信以太坊（ETH）將在 2025 年迎來反彈，並有機會做多 ETH/BTC 比率，目前交易價格為 0.037 美元，自 9 月與 PoS 合併以來，相對於 BTC 已下跌近 70% 2022年，」該公司表示。

Compass Point analysts believe that the bounce-back year will be driven by eased regulations and increased clarity around smart contracts and decentralized computing platforms.

Compass Point 分析師認為，監管的放鬆以及智慧合約和去中心化運算平台的清晰度的提高將推動今年的反彈。

They foresee significant growth in Ethereum’s ecosystem, including decentralized finance (DeFi), Layer-2 networks, stablecoins, and staking.

他們預計以太坊生態系統將顯著成長，包括去中心化金融 (DeFi)、Layer-2 網路、穩定幣和質押。

Companies like Coinbase (NASDAQ:COIN) and Galaxy Digital (TSX:GLXY) are expected to benefit from the monetization of Ethereum's growth.

Coinbase（納斯達克股票代碼：COIN）和 Galaxy Digital（多倫多證券交易所股票代碼：GLXY）等公司預計將從以太坊成長的貨幣化中受益。

“We think ETH will be one of the top beneficiaries of eased regulations and clarity that will lead to integration of smart-contract decentralized compute platform and ecosystem such as DeFi, Layer-2 networks, Stablecoin, Staking, etc, which we view COIN (Buy, $295 PT) and GLXY (Buy, C$33) as beneficiaries in monetizing growth of Ethereum would make it more valuable and the dominance of BTC would go down,” concluded Compass Point.

「我們認為ETH 將成為監管放鬆和透明度的最大受益者之一，這將導致智慧合約去中心化運算平台和生態系統的整合，例如DeFi、Layer-2 網路、穩定幣、Stake 等，我們將其視為COIN（買入，295 美元（PT）和GLXY（買入，33 加元）作為以太坊增長貨幣化的受益者將使其更有價值，而BTC 的主導地位將會下降，」Compass Point總結道。